Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.24 and traded as low as $11.06. Nuveen Municipal High Income Opportunity Fund shares last traded at $11.09, with a volume of 323,991 shares changing hands.

Nuveen Municipal High Income Opportunity Fund Stock Performance

The stock’s 50 day moving average price is $11.13 and its two-hundred day moving average price is $11.24.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.0655 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.21%.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Traynor Capital Management Inc. lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 0.7% in the 4th quarter. Traynor Capital Management Inc. now owns 139,844 shares of the company’s stock valued at $1,512,000 after purchasing an additional 1,032 shares in the last quarter. First Foundation Advisors lifted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 14.3% during the fourth quarter. First Foundation Advisors now owns 11,425 shares of the company’s stock valued at $124,000 after buying an additional 1,425 shares during the period. Farther Finance Advisors LLC boosted its position in Nuveen Municipal High Income Opportunity Fund by 107.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,347 shares of the company’s stock worth $36,000 after acquiring an additional 1,733 shares during the last quarter. Truist Financial Corp grew its stake in Nuveen Municipal High Income Opportunity Fund by 3.6% in the 4th quarter. Truist Financial Corp now owns 56,416 shares of the company’s stock worth $610,000 after acquiring an additional 1,971 shares during the period. Finally, LPL Financial LLC grew its stake in Nuveen Municipal High Income Opportunity Fund by 0.7% in the 4th quarter. LPL Financial LLC now owns 393,775 shares of the company’s stock worth $4,257,000 after acquiring an additional 2,550 shares during the period.

Nuveen Municipal High Income Opportunity Fund Company Profile

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities.